Milky Mist Dairy Food IPO Opens Tomorrow: GMP Hints At Nearly 19% Listing Gain; Should You Subscribe?

Milky Mist Dairy Food IPO is going to open for subscription on August 11th and it is a good opportunity for investors to be a shareholder of one of India's major value-added dairy companies.

The Rs.1,553 crore IPO has both a fresh issue & an OFS component worth Rs. 1,428 crore and Rs. 125 crore respectively.

Milky Mist Dairy Food IPO GMP Today

A day before the opening of the issue Milky Mist IPO is quite popular already in the grey market. At the time of writing the IPO is trading with a premium of Rs. 26.5 in the grey market pointing towards a potential listing gain of nearly 19%, since investor interest has picked up ahead of the public issue.

Milky Mist Dairy Food IPO Important Dates

Milky Mist Dairy Food IPO is opening for public bidding tomorrow on Aug 11, and closes on Aug 13th. The allotment for the Milky Mist Dairy Food IPO is expected to be finalized on Aug 14th. The listing for the issue is tentatively scheduled on August 18th on both NSE and BSE.

Milky Mist Dairy Food Financials

Founded in 1985, Milky Mist Dairy Food has now become India's fastest-growing dairy brand focused on value-added products such as cheese, paneer, yoghurt, butter, and other premium dairy offerings. Milky Mist get a major share of its revenue from its premium dairy products, which gives higher profitability. The company has a Revenue CAGR of 33.6% with strong improvements in operating margins

Should You Apply for Milky Mist Dairy Food IPO?

As per a report by Swastika Investmart, "Milky Mist is valued at around 85x FY26 post-IPO earnings, a premium to the dairy sector average of around 52.5x P/E."

"Aggressive investors can apply while a more favourable entry point may emerge post-listing as leverage declines and earnings quality improves," the report further mentioned.

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